Japan's Nikkei slides as market reacts to Trump's fresh tariff vows
TOKYO, Nov 26 (Reuters) -Japan's Nikkei share average fell more than 1% on Tuesday as the market reacted to U.S. President-elect Donald Trump's fresh promises of tariffs.
Trump on Monday said that on his first day in office he would impose a 25% tariff on all products from Mexico and Canada and an additional 10% tariff on goods from China, citing concerns over illegal immigration and trade of illicit drugs.
At 0108 GMT, the Nikkei index was down 1.5% to 38,209.47, while the broader Topix .TOPX slid 1.3%.
A majority of the Nikkei's 225 constituents were down, with only 41 advancers against 183 decliners.
The largest percentage losses in the index were IHI Corp 7013.T, which shed 5.6%, followed by Fujikura 5803.T and Kawasaki Heavy Industries 7012.T losing 5.5% and 5%, respectively.
Reporting by Brigid Riley; Editing by Sumana Nandy
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